Paladin Limited ) commences an Equity Buyback Plan for 143,872,755 shares, representing 10% of its issued share capital, under the authorization approved on December 9, 2019.

Paladin Limited (SEHK:495) commences share repurchases on December 10, 2019, under the program mandated by the shareholders in the Annual General Meeting held on December 9, 2019. As per the mandate, the company is authorized to repurchase up to 143,872,755 shares, representing 10% of its issued share capital. The purpose of repurchase program is to increase the net asset value and/or earnings per share. The repurchase program will be funded out of funds legally available for the purpose in accordance with the Memorandum and Bye-laws, and any other applicable laws of Bermuda. The authority shall expire at the earliest of the next Annual General Meeting, the date on which the next Annual General Meeting is required to be held or the date on which the authority is varied or revoked in a General Meeting. As at December 9, 2019, the company had 1,438,727,549 shares in issue.